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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Revenue:        
Sales of products $ 11,081,272 $ 6,153,287 $ 27,836,547 $ 18,177,607
Total revenue 11,081,272 6,153,287 27,836,547 18,177,607
Costs of Sales:        
Cost of sales and other direct production costs 3,430,799 2,670,417 9,920,843 7,825,357
Depreciation and amortization 603,068 485,514 1,694,427 1,443,232
Total costs of sales 4,033,867 3,155,931 11,615,270 9,268,589
Gross profit 7,047,405 2,997,356 16,221,277 8,909,018
Other operating expenses:        
Exploration 3,898,320 1,185,460 7,514,514 2,073,364
Management 199,064 92,967 732,023 292,380
Professional services 125,306 81,663 462,304 320,889
General and administrative 230,745 203,732 691,498 543,851
(Gain) loss on disposal of equipment 0 (6,000) 308,840 1,431
Total other operating expenses 4,453,435 1,557,822 9,709,179 3,231,915
Operating income 2,593,970 1,439,534 6,512,098 5,677,103
Other (income) expense:        
Equity income on investment in Buckskin Gold and Silver, Inc (1,189) (1,301) (2,376) (1,579)
Timber revenue net of costs (2,026) 0 (8,730) (19,406)
Loss on investment in equity securities 0 0 0 453
Interest income (363,155) (167,801) (768,959) (247,904)
Interest expense 0 37,128 0 83,295
Total other (income) expense (366,370) (131,974) (780,065) (185,141)
Net income 2,960,340 1,571,508 7,292,163 5,862,244
Net loss attributable to non-controlling interest (14,218) (14,772) (58,832) (53,018)
Net income attributable to Idaho Strategic Resources, Inc. $ 2,974,558 $ 1,586,280 $ 7,350,995 $ 5,915,262
Net income per common share-basic $ 0.20 $ 0.12 $ 0.52 $ 0.46
Weighted average common share outstanding-basic 14,683,682 13,111,073 14,122,921 12,821,279
Net income per common share-diluted $ 0.20 $ 0.12 $ 0.51 $ 0.45
Weighted average common shares outstanding- diluted 14,883,530 13,259,638 14,283,908 13,012,689